Demand for green electricity catching up with supply, data suggests

Growth in demand for green electricity is outpacing that of renewable energy supply, according to an analysis of industry data on the market for 'guarantees of origin'.

The guarantee of origin (GO) is a transferable electronic 'certificate' granted to generators for every megawatt hour of electricity they generate. They have featured in EU law since 2001, but have been mandatory under disclosure rules in the reformed renewable energy directive (RED II) adopted in 2018.

“The European demand for renewable energy tracked and documented with guarantees of origin grew at a brisk rate of 11.7% in 2019,” said Tom Lindberg, director of a Norwegian firm that supplies GOs to companies or power producers who want to use or sell renewable electricity, on Tuesday.

Please sign in to access this article. To subscribe, view our subscription options, or take out a free trial.

Please enter your details

Forgotten password?

Having trouble signing in?

Contact Customer Support at
subs@endseurope.com
or call 020 8267 8120

Not a subscriber?

Take a free trial now to discover the critical insights and updates our coverage offers subscribers.